Exact Globe

PU 423|422|421 (Globe) and 500|422|421 (Globe+): Improvements to cash allocation using CAMT.53 and CAMT.54 bank formats

When you import a bank statement for automated cash allocation, the system checks on the account name or payee name, and bank account number. These information in the debtor or creditor account must match with that from the bank statement file that you’ve imported.

We have further improved the cash allocation feature for bank statement files using the CAMT.53 and CAMT.54 formats. You can now allocate cash for inbound and outbound transactions using only the account name or payee name when the bank account number isn’t available. This significantly helps you in managing your cashflow when you have many transactions.